07 Si or 06 type-S??? help me decide

i'm looking into getting a new(er) car, my choices of right now are a USED 05-06 Acura RSX type-S or...a brand NEW 07 Honda civic Si coupe...which one do you think would be a better choice??? it's either a low miles rsx (32k mi)??? or a brand new si....

new 2007 Civic Si, loaded = $23,635.00
same 2007 Civic Si with 1 mile on it = $19,700.00
total loss just for driving it off the lot = $3935.00

average 5 year loan with 6% interest = monthly payments of about $420.00
that means your first 9 payments are just to get yourself back from being upside down on the car... of course that doesnt take into account that the car will still be dropping in value from the mileage you are putting on it, the stupid little chips and nicks it picks up along the way, as well as simply getting older
so it is far more likely that you are not going to get away from being upside down on the car loan for a few years
meaning if anything was to happen to the car its not worth what you owe on it... sure there is gap insurance but thats a scam and a half and you will only end up getting ass raped with that... unless of course you PLAN on totaling the car

only way you sort of win is if you actually own the car for 5 or more years.... but theres not many people doing that any more... and even then you still ended up paying too much for the car... seeing that you could have saved $4000.00+ by buying used
its a lose lose situation

new 2007 Civic Si, loaded = $23,635.00
same 2007 Civic Si with 1 mile on it = $19,700.00
total loss just for driving it off the lot = $3935.00

average 5 year loan with 6% interest = monthly payments of about $420.00
that means your first 9 payments are just to get yourself back from being upside down on the car... of course that doesnt take into account that the car will still be dropping in value from the mileage you are putting on it, the stupid little chips and nicks it picks up along the way, as well as simply getting older
so it is far more likely that you are not going to get away from being upside down on the car loan for a few years
meaning if anything was to happen to the car its not worth what you owe on it... sure there is gap insurance but thats a scam and a half and you will only end up getting ass raped with that... unless of course you PLAN on totaling the car

only way you sort of win is if you actually own the car for 5 or more years.... but theres not many people doing that any more... and even then you still ended up paying too much for the car... seeing that you could have saved $4000.00+ by buying used
its a lose lose situation

FUCK BUYING NEW

Click to expand...

yeah but that doesn't seem to be his concern. Plus, if his intentions are to keep it for a long time, depreciation means next to jack shit.

new 2007 Civic Si, loaded = $23,635.00
same 2007 Civic Si with 1 mile on it = $19,700.00
total loss just for driving it off the lot = $3935.00

average 5 year loan with 6% interest = monthly payments of about $420.00
that means your first 9 payments are just to get yourself back from being upside down on the car... of course that doesnt take into account that the car will still be dropping in value from the mileage you are putting on it, the stupid little chips and nicks it picks up along the way, as well as simply getting older
so it is far more likely that you are not going to get away from being upside down on the car loan for a few years
meaning if anything was to happen to the car its not worth what you owe on it... sure there is gap insurance but thats a scam and a half and you will only end up getting ass raped with that... unless of course you PLAN on totaling the car

only way you sort of win is if you actually own the car for 5 or more years.... but theres not many people doing that any more... and even then you still ended up paying too much for the car... seeing that you could have saved $4000.00+ by buying used
its a lose lose situation

FUCK BUYING NEW

Click to expand...

You left out a few key factors that really help to define the issue. You put all the positives for your argument in their but forgot the other side.

First, a new car loan's interest rate will almost always be a few percent lower than a used car loan. Look at current interest rates and the spike they're about to take - most of the lenders are having major problems after the economy had a little dip and loan holders are unable to contribute monthly payments. This is why we're seeing an increasing number of new cars, homes, boats, etc., etc being repo'd and auctioned off. I have family members that work in loan divisions and have first hand knowledge of where the loan rates are heading and its not pretty compared to a few years ago.

Second, compare the initial MSRP of the vehicles to help determine insurance costs. A used vehicle that had a higher initial MSRP will generally cost more in insurance than a newer car. Compare the insurance on a 2000 M5 to a 2006 Civic. Specific cars may have a very neglible difference between insurance premiums but certain cars, especially ones that carry luxury brand status have high insurance costs associated with the car.

It would be wise to call the insurance company first and get a quote on premiums before purchasing a vehicle. Small, thoughtful, financial moves like these are the ones that are going to put you a head in life and save money in the long run.

Look at the situation as a whole and a case by case basis and you'll make much more efficient purchase decisions.

Personally, I buy used cars at bargain prices for the biggest bang for the buck. If you're shrewd and are willing to wait to find the perfect deal you can usually haggle or snatch a new product up at a good price.

I bought my WRX because at the time I paid $14,500 when the blue book was $17,000. I've driven the car and enjoyed it and haven't lost very much money over the course of two years of owning the car - except of course for the fact that subaru released the new '06 WRX with a 2.5L engine, better transmission, and brakes.

well i own a rsx type s so im gona say the type s, my best friend has a new si, there great also but the onlly thing i dont like about them is you cant see the hood at all from inside the car no matter how hard you try. you will love the 02-04 rsx type s but you will love the 05-06 type s even more